Clearline Capital LP bought a new stake in shares of Newell Brands Inc (NYSE:NWL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 75,202 shares of the company’s stock, valued at approximately $2,324,000. Newell Brands makes up approximately 1.2% of Clearline Capital LP’s holdings, making the stock its 22nd largest holding.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Franklin Resources Inc. raised its holdings in Newell Brands by 178.9% during the fourth quarter. Franklin Resources Inc. now owns 7,716,072 shares of the company’s stock valued at $238,427,000 after buying an additional 4,949,143 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Newell Brands by 211.5% during the fourth quarter. OppenheimerFunds Inc. now owns 5,210,352 shares of the company’s stock valued at $161,001,000 after buying an additional 3,537,489 shares in the last quarter. Geode Capital Management LLC raised its holdings in Newell Brands by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 5,184,895 shares of the company’s stock valued at $159,881,000 after buying an additional 199,770 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Newell Brands by 7.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 4,361,072 shares of the company’s stock valued at $134,757,000 after buying an additional 296,965 shares in the last quarter. Finally, King Luther Capital Management Corp raised its holdings in Newell Brands by 7.0% during the third quarter. King Luther Capital Management Corp now owns 3,427,042 shares of the company’s stock valued at $146,232,000 after buying an additional 224,036 shares in the last quarter. Institutional investors own 92.74% of the company’s stock.
Shares of Newell Brands Inc (NYSE:NWL) opened at $28.99 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 1.41. The firm has a market capitalization of $14,210.00, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.41 and a beta of 0.88. Newell Brands Inc has a 1-year low of $23.85 and a 1-year high of $55.08.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Tuesday, February 27th. Newell Brands’s payout ratio is 31.08%.
A number of equities analysts have recently commented on the company. BMO Capital Markets dropped their price objective on Newell Brands to $25.00 and set a “market perform” rating on the stock in a research note on Friday, January 26th. Zacks Investment Research lowered Newell Brands from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. TheStreet lowered Newell Brands from a “b-” rating to a “c+” rating in a research note on Tuesday, November 14th. Bank of America lowered Newell Brands from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, ValuEngine lowered Newell Brands from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.50.
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About Newell Brands
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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